In electric power: qualified independent entities appointed by PSALM Corporation who shall administer, conserve and manage the contracted energy output of NPC IPP contracts [Section 4(ff), Electric Power Industry Reform Act of 2001]
In electric power: qualified independent entities appointed by PSALM who shall administer, conserve and manage the contracted energy output of NPC IPP contracts, including selling the contracted energy output of these contracts and offering Ancillary Services, where applicable [Section 4 (xx), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act of 2001”]
Note: The IRR adopts the definition under the law, except for an adjustment to the writing style (reference to “PSALM” instead of “PSALM Corporation”) and for the addition of “including selling the contracted energy output of these contracts and offering Ancillary Services, where applicable” at the end.